Global law firm White & Case LLP has advised a consortium of banks in the PLN 300 million financing of Węglokoks S.A.’s acquisition of shares in Przedsiębiorstwo Przeładunkowo-Składowe “Port Północny” (“Port Północny”) from Sea-Invest Corporation.

Upon finalizing the financing, Węglokoks S.A. became the majority shareholder of Port Północny, holding a controlling stake in the company. The transaction is expected to strengthen Węglokoks S.A.’s position in the logistics market, which is in line with its long-term strategy related to the economy’s shift away from coal.

Węglokoks S.A. is a leading Polish company that has been engaged in energy and industrial transformation for years, placing particular emphasis on sustainable and environmentally friendly energy production. In addition, the company is investing in the development of production processes to enable the supply of green steel, a significant step towards reducing the negative impact of industry on the environment.

The White & Case team in Warsaw that advised on the transaction included partner Grzegorz Abram and associates Joanna Misztal-Dzitko, Mateusz Dyduch and Maria Hałasa.